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RE: Money Without Borders

in #steem • 7 years ago

You tell me about bitcoin, steem and Paypal.
I know steem and bitcoin now have many who know him, but I wonder what you mean about paypal, is paypal also a currency too? And is paypal equal to steam and bitcoin too?
Thank you @jrcornel :)

7 years ago in #steem by
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     7 years ago 

    PayPal is not a cryptocurrency. PayPal is just an online wallet for USD or any other fiat currency. You can use it to pay for stuff from ecommerce sites like eBay. You can also send and receive money from person to person. The fees are what is driving people away. Bitcoin has much lower fees and is its own currency.

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       7 years ago 

      Thanks my friend, your answer is very good.

      Essentially paypal is not a currency, but the place of exchange or buying and selling other currencies there.

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